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.e.o., vikram pandit, calls it quits. from pandit's legacy to challenges facing citi's new boss, the resignation is one of the biggest surprises on wall street this year. >> susie: i'm susie gharib. two tech titans report better- than-expected earnings-- intel and i.b.m.-- but both stocks fall in after-hours trading. we run down the numbers. >> tom: also, student loan servicers get an "f" from regulators complaining school loans are handled a lot like the subprime mortgage market. >> susie: that and more tonight on "n.b.r." >> tom: citigroup c.e.o. vikram pandit abruptly stepped down today in a management shakeup that stunned both investors and employees. he will be replaced by longtime citi executive michael corbat. he most recently headed the bank's middle eastern and european division. pandit not only gave up his c.e.o. position, but he also quit the board of directors. the news comes in the heart of earnings season for financial firms and just one day after citi reported stronger than expected earnings. shares of citi climbed 1.6%, closing at their highest price since march. suzanne pratt ta
heating up, and one city's efforts to cool down. >> ifill: and ray suarez has the story of a mexican drug lord killed in a gunfight, and his corpse stolen from the funeral home. >> woodruff: that's all ahead on tonight's newshour. major funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. >> and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: the former football coach who plunged penn state university into scandal by his sexual abuse of young boys over many years was sentenced today. the judge called his crime a "story of betrayal." jerry sandusky wore a red jail jump suit and a smile as he entered the center county courthouse this morning, less than two hours later, the smile was gone after th
people killed, and $20 billion or more in damage. the nation's most populous city and its surroundings were at the epicenter. new york is a city in shock today, even deserted in places after a night of fear, fire and floods. a record storm surge of 13 feet poured into parts of lower manhattan, brooklyn, and queens as sandy hit. the rush of water closed major commuter tunnels linking manhattan with otherboros contributing to the worst damage to the subway system in its 108 years. >> last night we could look down this street here and weaw the river coming toward us and it actually looked like something out of ao movie. it was unbelievable. >> woodrf: equally unbelievable, winds of at least: 80 miles an hour blew out the bright lights that usually dominate the manhattan skyline. some one million homes and businesses i and around the city lost power. today mayor michael bloomberg appealed for understanding amid warnings it could take days to restore all transit service and power. >> we have begun the work of clearing and reopening bridges and roadways both of which will take some time. an
york area by monday. in the path of the storm: several of the nation's biggest cities, travel hubs and several major gasoline referies along the new jersey and delaware coasts. financial centers like the nasdaq and new york stock exchange, say they'll have contingency plans in place. electronic traalng is expected to continue as normal.ex michael barry says insuranc companies are already mobilizing ge from with da hurricanmsandy.ic he's vice president, with the insurance information institute. >> what are insurance companies doing to be prepared? >> well, right now they're trying to figure out exactly where this storm is going to make landfall. asng indicated they have mobile catastrophe units sent to the scene so that the insurers can go out and cater to their policy holders, help them file claims after the storm hits. right now, the big question is where is this going to hit? i saw a modeling company saying delaware, maryland, virginia, an moving west into populated cities like philadelphia. >> susie: it's covering a wide swath of states, and we're hearing there will be heavy flo
sales. it unveiled its much anticipated new operating system, windows 8, here in new york city, and showed off itsew tablet, the surface. i the operatinstem key feature-- an ability to work across all computers: tablets, laptops and desktops. or one r llion hours of testing time went into the newho operating system and the surface taet. c.e.o. steve ballmer calls them a milestone in computing. >> with windows 8, we've brought together the best of worlds-- the p.c. and the tablet; your work, life, and play.ta windows 8 will helpou do everything, and it will make it a lot of fun, frankly, to do nothing. one device now combines the ties with the p.c. q with the greatest qualities of the tablet experience. >> susie: joining us now with more on tablets, and those apple earnings, david garrity, hd of his own tech research firm, gva y,search. david, you have been a real strong recommender of apple stock. any change in your thinking because of those earnings today and the disappointment? >> susie, no. for a couple simple reasons. fir off, apple with theirfi announcement earier this wee
. hurricane sandy brings the city that never sleeps to its knees, leaving millions without power. >> tom: i'm tom hudson. wall street is working on a comeback with plans to reopen stock trading tomorrow, despite heavy flooding in lower manhattan. >> susie: from crippled transportation throughout the northeath to canceled flights, the federal response and nctential election impact. we'll have all that and more right here on nbr! >> tom: hurricane sandy is now super-storm sandy as it clashes with another weather system, bringing wind,ain, and snow to parts of the mid-atlantic and northeastern u.s. a she has cut a path of destruction, flooding, and massive power outages as the de th toll from the storm stands at 17 across seven states. even as sandy makes her way to canada, the destruction is devastating. high winds pushed the atlantic ocean up and over seawalls, flooding entire neighborhoods. the wind and water teamed up to cut power to millions of people along the eastern seaboard. the storm surge even continued today as sandy tracked through western pennsylvania and new york state. the stor
central bank intervenes in the business. in september, 2010, in new york city,orhe premier and china's economic czar sd china keeps itsd currency lown order to give a trade advalage to itsag manufacturerrers. manufacturers. we should brand it as a currency manipulator. >> you heard the president say the currency has depreciated? >> i think it is a serious problem to brand them a currency manipulator. a lot of countries intervene to affect the value of their currency. japan has many times, and so has many others. we haven't branded any of them a currency manulator ever.m secondly, the chinese currency is what the market price would be. you see that beflected in china's current account balance. the bottom line is the current account balance is well within the standards that we, ourselves, have advocated, saying if it is within those standards it really is not a big problem. the obama administration has pressured china from the start on currency values. they are now close to the market rate. but the issue is two-fold: one, currency value is not, by any means, the biggest issue in u.s./c
in the campaign. tonight's missinissue is europe's debt crisis. >> brown: an ancient and historic city at risk in a modern-day civil war.is we look at the destruction in aleppo, syria. >> this is one of the great tragedies. aleppo's an extraordinary cross roads of cultures, religions, all built on aro strata of centuries of --t >> woodruff: and ray suarez has the story of a 19th century recording made on tinfoil by thomas edison, digitally converted so we can hear it. >> brown: th's all ahead on tonight's newshour. 's major funding for the pbs newshour has been provided by: >> computing surrounds us. sometimes it's obvious and sometimes it's very surprising in where you find it. soon, computing intelligence in unexpected places will change our lives in truly profound ways. technology can provide customiexperiences tailored to individual consumer preferences, igniting a world of possibilities from the inside out. sponsori tomorrow arts today. and the william and flora hewlett foundation, working to solve social and environmental problems at home and around the world. and with the ongoing suppor
city. they build it back up. romney's whole history of a family is that they knocked us down, we built it back up. we didn't make a fortune; we made a bunch of fortunes. and they resented us for our success, but we kept coming back. that's romney's history. >> with someone with a name with romney you heard abouthe sufferings of your ancestors and their sacrifices and all they've done that you feel like, well, it's my turn now; i've got to pick up the baton and run with it. >> narrator: but mitt and hiss a family rarely tell the story to outsiders. >> it's an incredible history. he can't talk about it because it involves polygamy. and so if the core of your personality is something you can't talk about because it's politically unacceptable, well, you're not going to be open with the people all around you. >> narrator: now the church was sending mitt away to spend two and half years on a mission in france. >> as mitt romney has said, imagine going to bordeaux and saying to people, "i've got a great new religion for you and, by the way, give up your wine." >> narrar: the tr:k: to put on a
people in america who are out of work, but still ahead, i'll introduce you to two new york city firms that can't hire workers fast enough. >> tom: the federal government made what it called one of the largest medicare fraud crackdowns today, arresting dozens of people across seven cities, accusing them of cheating medicare out of $430 million. today's busts involved 91 people, including doctors, nurses, and hospital administrators, including these arrests in miami. among the scams-- the president of riverside general hospital in houston and his son are accused of giving medicare patients food and cigarettes for claiming to get hospital care, but instead watched tv or played games. federal prosecutors said that scheme led to $158 million in fake bills. today's action, announced by the justice department, stretched from brooklyn to los angeles. >> this is something i think we see at a variety of levels. we see it among people who are health care professionals who take oaths to provide care and do no harm, and in fact they are doing great harm. we are going after people, whatever their p
"a", but some cities are experiencing even higher prices. for drivers, the good news is prices are expected to fall, but california remains vulnerable to quick price hikes. refinery and pipeline problems have put the squeeze on supplies and california drivers. >> well its pretty crazy. >> i think it sucks. big time i mean its terrible" >> the went up pretty high from last week." >> they just jump them up real quick and then it takes forever to get them back down again it is pretty ridiculous. >> tom: today's average price in the state, $4.67 a gallon for regular unleaded. that's $0.50 higher than a week ago. $0.86 higher than the national average. wholesale gas prices fell today after california governor jerry brown yesterday eased the state's gas-blend requirements. the change allows refiners to start processing a less- expensive winter fuel blend today, about three weeks ahead of schedule. california's strict air quality standards require a specific gasoline blend that's not necessary in other states, resulting in only a handful of refiners making it. the price spike came aft
activity in september expanded modestly since the last snapshot. only new york and kansas city saw a leveling off or slowing of growth. residential real estate was the one major sweet spot, showing widespread improvement. >> we've seen a pickup in house prices, we've seen a pickup in construction activity, a little bit better demand for loans. so, it generally corroborates what we've been seeing in the economic reports on the housing market. >> reporter: conditions in the manufacturing sector were mixed, but somewhat improved since the last reading. meanwhile, the job market was little changed since the last report, which was the released in august. that was a bit of a surprise, given the recent drop in the nation's unemployment rate. but, at least one economist says it suggests the lower jobless rate may not be sustainable. >> it doesn't appear that the labor market is really showing all that much fundamental improvement and that's not all that surprising given the uncertainty around the pending fiscal cliff at yearend, the upcoming election. >> reporter: today's new economic evid
troops and armored vehicles took up positions around the port of kismayo. the city had been a power center for al-shabab, the group that's fought somalia's internationally backed government for years. al-shabab is allied with al- qaeda, but the militants now have been driven out of all of somalia's major cities. those are some of the day's major stories. now, back to judy. >> woodruff: the men at the top of the presidential tickets hunkered down again today for debate preparation, ahead of the big meeting tomorrow night. but they also managed to break away briefly-- president obama for a visit to the hoover dam, and governor romney out with an aide to buy lunch, a burrito. meanwhile, their running mates made multiple stops in key states. vice president biden told a crowd in charlotte, north carolina that mitt romney would raise taxes on most americans to fund tax cuts for the wealthy. >> how they can justify raising taxes on the middle class has been buried the last four years. how in lord's name can they justify raising their taxes with these tax cuts? look, folks, we've seen this
was mobbed by the media as she left the moscow city court. she vowed to fight for the release of the other two women, whose sentences of two years in prison were upheld. the case has been widely condemned in the u.s. and europe as part of a crackdown on dissent. toyota recalled more than seven million vehicles around the world today for a bad power- window switch that can fill the car with smoke. the action affects more than a dozen models made from 2005 through 2010. there have been more than 200 incidents reported in the u.s., but no crashes or injuries have resulted. toyota has been trying to recover from a series of recalls of some 14 million vehicles in recent years. car owners who have crashed in the last three years may have gotten counterfeit airbags as replacements, without knowing it. the national highway traffic safety administration warned today there's an extreme safety risk. it said at least 250,000 vehicles may have airbags that inflate only partially or not at all. car owners should check a website safercar.gov for more information. two americans have won this year's nobel
residential building in the city. "the new york times" has dubbed it the global billionaire's club, and for good reason. at least two of the apartments are under contract for more than $90 million each. others, more modest, range in price from $45 million to more than $50 million. simultaneously, the powers that be have just awarded donald trump, yes, that donald trump, the right to run a golf course in the bronx which taxpayers are spending at least $97illion to build. what amounts to a public subsidy, says the indignant city comptroller for a luxury golf course. good grief. a handout to the pollute contracts. this is a city where economic inequality rivals that of a third world country. of america's 25 largest cities new york is now the most unequal. the median income for the bottom 20% last year was less than $9,000.ts while the top 1% of new yorkers has an average income of $2.2 million across america this divide between the super rich and everyone else has become a yawning chasm. at no time in modern history has the top 100th of 1% owned more of our wealth or paid so low a tax
jump in revenue from bond trading operations. citi earned $1.06 a share in the third quarter, a dime better than analysts predicted. results exclude a huge writedown tied to certain brokerage assets in its holdings unit. shares of citi climbed more than 5% to close at more than $36 a share. but the stock is still struggling to regain its footing. bank of america and goldman sachs also were big gainers today, each adding more than 3%. goldman reports its earnings tomorrow. bank of america on wednesday. over in the healthcare world, shares of eli lilly gained on word the drugmaker's experimental stomach cancer treatment may improve survival rates. and, the stock has been on tear, rising to a new 4.5 year high. today, it jumped 4% to $52.53 shares of abbott labs also rose on reports nearly all of the patients treated with the company's oral hepatitis-c drug have be cured in midstage trials. that encouraging news lifted the stock 4%., pushing it to an all- time high of 72 and change. meanwhile, amazon.com is reportedly in advanced talks to buy the mobile chip unit of texas instruments. a
brooklyn for its first medical facility. the number freelancers inan this new york city borough hasn increased 3,000% in the past decade. david himmelstein is a professor of public health at hunter llege, and thinks the clinic is a good idea. his concern is whether the union's insurance plan can llsurvive.s >> when you set up an insurance plan and say anyone can join, basically you are likely to attract sick older people who can't get insurance elsewhere in the system. and over the long term, that has doomed simir insurance efforts in the past. >> reporter: but the freelancers union hopes its holistic approach to medicine and emphasis on preventive care will help lower healthcare costs.ra and that's good for insurance company and patient alike. >> this can really give people the kind of care they need, and it omn also be much more economical, so we can make freelancers' dollars go further. >> reporter: if the pilot is successful, the freelan ers eeunio hopes un exp ed to other cities around the country.d erika miller, nbr, brooklyn. >> tom: tomorrow on nbr, we meet a woman who says s
city of aleppo. the attack was on a government- controlled section. the coordinated explosions hit a central square, destroying a number of buildings and littering the streets with twisted metal and concrete. at least 122 people were wounded. and the death toll was expected to rise as crews work through the rubble. in iran, riot police and protesters came to blows over the collapse of the national currency. the rial has lost a third of its value in less than a week. today, merchants at tehran's main bazaar protested outside their stalls and closed for the day. exchange houses and currency websites also were closed down. in the end, police arrested money changers and fired tear gas to disperse crowds. the protesters charged president mahmoud ahmadinejad's policies have fueled the currency crisis. he has blamed western sanctions imposed against iran's nuclear program. secretary of state hillary clinton pledged anew today to get to the bottom of a deadly attack in libya last month. u.s. ambassador christopher stevens and three other americans were killed after gunmen assaulted the u.s
rising above the central city's skyline as syrian government warplanes, tanks and artillery intensified their assault. meanwhile, turkish media reported syrian troops fired another mortar round into southern turkey. no one was hurt, but the turkish military returned fire. a similar exchange earlier this week left several dead on both sides. the turmoil deepened today in south africa's mining industry. the world's largest platinum producer, amplats, fired 12,000 miners for staging an unlawful strike. it was the latest turn in two months of labor unrest and violence in south africa. in august, police shot and killed 34 strikers working for another major platinum concern. nearly 80,000 miners are currently striking across the country. the highest court in britain ruled today that five terror suspects can be extradited to the u.s., including abu hamza al-masri. the radical muslim preacher, and the others, had fought extradition for years. al-masri's mosque in london was known as a training ground for radical islamists in the 1990s. he's accused of trying to set up a terror training camp in
, we have more about danville, kentucky and how the tiny city has prepared to host its second vice presidential debate. plus, we kicked off our livestream coverage of tonight's debate a short time ago, and our online team is running a liveblog with sharp, robust analysis all night long. you can find that at newshour.pbs.org. >> brown: still to come on the "newshour": the syrian plane forced to land in turkey; how medicare is playing in congressional races; illegal trafficking in elephant tusks; the nobel prize for literature and one of poetry's leading voices. but first, the other news of the day. here's hari sreenivasan. >> sreenivasan: some new data on jobs offered signs of encouragement today. the labor department reported first-time claims for unemployment benefits fell to the lowest level in more than four years. that suggests slightly improved hiring. wall street rose on the news at first, then gave up the gains. the dow jones industrial average ended with a loss of 18 points to close at 13,326. the nasdaq dipped two points to close at 3,049. the international monetary fund w
violent in , when gun battles broke out in the northern city of tripoli. tensions have also been fueled by a flood of syrian refugees into lebanon. in washington today, state department spokeswoman victoriau nuland stopped short of blaming syria for today's attack, but she said lebanon is at risk of being destabilized again. >> we have been, for a number of weeks and, in fact, months now, that we've been concerned about increasing tensions inside of lebanon, particularly sectarian tensions and tensions as a result of spillover from syria. but i don't want to pre-judge before the lebanese authorities have had a chance to declare themselves who was responsible here. >> brown: there was no such reluctance back in lebanon, where sunnis burned tires in protest in cities across the country as news of the bombing spread. a short time ago, i spoke with abigail fiding smith of thedi "financil times" from beirut. abigail, welcome. tell us a bit more about thel presumed target here, a top intelligence official. how h he stirred up enemies? >> well, he was one of the most senior intelligence h offi
, including children, were wounded. witnesses also reported new shelling in the central city of homs. a suicide bomb outside a mosque in northern afghanistan killed 41 people today. plumes of smoke rose in front of the mosque as people gathered to celebrate eid. many of the dead were policemen and soldiers. 56 others, including civilians, were wounded. in kabul, afghan president hamid karzai condemned the attack and made this appeal.mi >> i call on the taliban and other government opposition to stop the destruction of their own country. stop the killing of their people, stop destruction of hospitals and schools, and stop, working for the aims of foreigners. >> sreenivasan: also today, the taliban claimed responsibility for the killing of two u.s. oops in an insider attack on thursday. a member of the afghan security forces shot the troops and then escaped to join the tiban. the father of a teenage pakistani girl shot by the taliban had encouraging words about his daughter's recovery today. mala yousufzai's family flew from pakistan to britain to be with her at a hospital maere she's
in the syrian city of aleppo; the record- breaking sky jump; and the legacy of arlen specter. but first, the other news of the day. here's hari sreenivasan. >> sreenivasan: two americans won the 2012 nobel prize in economics today for research on market design and matching. it affects everything from placing doctors in the right hospitals to pairing students with the schools they most want. the honorees are alvin roth of harvard university, and currently a visiting professor at stanford university, and lloyd shapley, a professor emeritus at the university of california los angeles. wall street had a strong start to the week on news of rising retail sales and better-than- expected earnings at citigroup. the dow jones industrial average gained 95 points to close at 13,424. the nasdaq rose 20 points to close at 3064. a 14-year-old pakistani girl who was shot by a taliban gunman was flown to england today for medical treatment. we have a report from lindsey hilsum of independent television news. >> reporter: the ambulance drove slowly from birmingham airport. inside the girl was still sedat
who stoodin line to hear vice president biden at the republican friendly retirement community sun city say they are confint thon the president will do well in the final debate which will center on freign affairs. >> i think he and hillary clinton have done a fine job. ionean, afterea all, romney insulted israel, poland and u.k. aall in one week or something. >> i don't think he's really in a position to jump all the way out there as far as foreign affairs is concned and draw coconclusions that we are weakei because of president obama. i think that we are stronger because of president obama. >> woodrf: but democratic statef: legislator darrenoto who knows florida politics says the pressure will be on the president not only to prevail on foreign policy but to make aor larger point about the economy. and to do it in a way that gets democrats out of their homes and into the voting booth. >> continuing to fight for us like he did in the second debate will be critical. so he's got to keep that moxie together. second, i think he needs to continue to articulate and even further detail economic
of state since hamas seized control there five years ago. gazans lined the mn road ton gaza city, as the emir waved at them from his car. he also met with hamas leaders and urged them to reconcile with the rival fatah faction, which rules the west bank. israel maintains a sea blockade of gaza, but qatar has promised to deliver hundreds of million dollars in aid by land route through egypt. those are some of the day's major stories. now, back to judy. >> woodruff: and we return to the final presidential debe with a closer look at thee arguable statements made by both candidates. margaret warner has our report. >> warner: last night's final presidential debate took on a lo questions. and the answers at times raised further questions. as we did last week, today we reviewed some of what was said eand how itan match the t recor. starting with mitt romney's charge that from the beginning of his term, president obama was apologizing overseas for america's actions. >> the president began what i've called an apology tour by going to various nations in the mide east and criticizing america
equity public traded company up 30% plus. city national up 9%. do you still like these? >> definitely. believe it or not, american capital still trading at three times earnings, despite its appreciation. and it's a perfect play on mid cap companies in the u.s. and certainly monies cheap too. so it's a great way to play the recovery. >> tom: mark, do you own position in all four of the stocks we mentioned tonight? >> yes, we do. >> tom: mark watson, street critique with keel asset management. >> susie: tomorrow on "n.b.r." we'll get wall street's reaction to the presidential debates and the impact on the markets, and the economy. plus, we'll get a closer look at the federal reserve's take on the economy when it releases the minutes from its latest policy meeting. and this restaurant chain could be the future of fast food for healthy eaters, we'll talk to the man behind "lyfe kitchens". >> tom: by the looks of today's jobs data, companies stepped up their hiring last month. we'll see the official government numbers on friday. despite the stubbornly higher unemployment rate and millions
. sylvia hall, "n.b.r." washington. >> tom: our coverage of freelancers continues tomorrow in new york city. where they're breaking ground on the first medical facility dedicated tfreelance workers. we'll show you why it's not like your typical doctor's office. also tomorrow, some big earnings after the bell, microsoft and google. we'll have results.nc >> susie: if you watched last night's presidential debate, yos heard both president obama and governor romney talk about their efforts to help small businesses. but when it comes to creating jobs, tonight's commentator says not all small businesses are created equal. here's "inc." editor-ichief, eric schurenberg. >> repter: you may not have a clue about economics, but if you've been listening to politicians this year, you know one thing: small businesses create jobs. clear the way fo mom-and-pop m owners and we'll be back at 4% unemployment in no time. only prlem is, that's wrong. now, small businesses are great, but it should be obvious that putting a dry cleaner or a real estate broker on every corner is not going to save the economy. lik
of all the city's cultural institutions, and said his grandparents had their first date there. paulson's known for making billions by bting on theti collapse of the housing market. >> susie: lovely donation. >> tom: that's "nightly business report" for tuesday, october 23. good nightsusie, and good a night, everyone. >> susie:ood night, tom.si thanks for watching, everyone. we'll see you online at nbr.com, and back here tomorrow night. captioning sponsored by wp captioned by media access group at wgbh access.wgbh.org >> join us anytime at nbr.com. there, you'll find full episodes of the program, complete show transcripts and all the market stats. also follows us on our facebook page-- bizrpt. and on twitter @bizrpt.
to be a shift in preferences among young, potential homebuyers to live closer to the city or in the first ring of suburbs. many of them are looking o ay in apartments living rather than having a home further out where they need a car to get any where. they would have more of a mortgage they would be tied into. >> reporter: on the flip side, public spending on constructiono has fallen sharply. it's down 3.5% from a year ago, as state and local governments tighten their belts. the conruction industry is hoping next year will be better for hiring than this one. many u.s. businesses have put projects on hold, due to c political uncertainty, and worries about the fiscal cliff. but the most impoant factor is the economy: >> you might expect that as the housing recovery gets a little bit of pace over the next year or so, that should translatean into stronger hiring going forward. we are not going to return levels we were at before thern recession, the housing sector is not going be that big again. but the trend should be up. >> reporter: if construction improves, it's good for the economy as a whole
. on tuesday, we'll look at rising temperatures in urban areas, and one city's efforts to cool down. i'm jeffrey brown. >> woodruff: and i'm judy woodruff. we'll see you online, and again here tomorrow evening. thank you, and good night. major funding for the pbs newshour has been provided by: >> bnsf railway. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. captioning sponsored by macneil/lehrer productions captioned by media access group at wgbh access.wgbh.org
sreenivasan explains. >> sreenivasan: so how much silk does spider-man need to swing through new york city? we talked to one physics professor who is trying to bring science fiction a little closer to science fact. plus, will the new health care law cover non-citizens? yes, if they're here legally. find that story from our partners at kaiser health news on the rundown. and on tonight's edition of "need to know," ray moderates a roundtable discussion about the fiscal cliff and congress's deadline to deal with expiring tax cuts and automatic spending cuts. find a link to "need to know" and much more at newshour.pbs.org. judy. >> woodruff: and that's the newshour for tonight. on monday, we'll talk with npr's peter overby about spending by super-pacs on campaign ads. i'm judy woodruff. >> brown: and i'm jeffrey brown. "washington week" can be seen later this evening on most pbs stations. we'll see you online and again here monday evening. have a nice weekend. thank you and good night. >> major funding for the pbs newshour has been provided by: ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ moving our economy
in the dutch city of rotterdam. seven paintings were stolen, including works by monet, picasso, and matisse, among others. they're part of a private collection that was being exhibited publicly for the first time. police did not explain how the robbers managed it, but one museum security expert said they had to get through a sophisticated security system. >> the response was very quick. thieves were not able to steal many paintings but unfortunately they got out a few paintings. these paintings will remain on the crime scene for many many years, maybe because they can't sell them they might destroy them. again it's impossible to sell them. >> sreenivasan: the paintings would be worth hundreds of millions of dollars if they were sold legally. the c.e.o. of citigroup abruptly resigned today, effective immediately. vikram pandit and his chief operating officer, john havens, both stepped down. citigroup said michael corbat will step in as c.e.o. he had been the bank's chief executive for europe, the middle east and africa. the company gave no explanation for the sudden departures, but the "wall
targeted shi- ite neighborhoods, from the northern city of kirkuk to the southern town of kut. the iraqi affiliate of al-qaeda claimed responsibility. iran has restored access to google's e-mail service, a week after the government blocked it. the initial action against g-mail was taken after an anti- islamic video appeared on google's video hosting site, youtube. but the loss of service drew complaints from users, including members of the iranian parliament. the people of greece got more grim news today: they're facing a sixth year of recession. a draft budget projected the greek economy will shrink again in 2013 by almost 4%. unemployment is set to rise another full point, to nearly 25%. meanwhile, euro-zone officials reported unemployment across the continent remained at a record high of 11.4% in august. . >> the figure is much higher than a year ago. it demonstrates the importance of putting in place effective reforms to reverse the trend in unemployment and in particular youth unemployment. it's clearly unacceptable that 25 million europeans are now out of work. we have to take meas
Search Results 0 to 38 of about 39 (some duplicates have been removed)